Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 87:

In page 273, lines 30 and 31, to delete “a record of all goods purchased, and of all goods sold (except those sold by way of ordinary retail trade)” and substitute “a record of all transactions whereby goods are purchased and whereby goods are sold”.

The purpose of these amendments is to make certain that all transactions must be recorded in writing, especially in cash businesses. The proposed change will align the company law requirements with those in regulation 27(1)(b) of the VAT regulations and section 886 of the Taxes Consolidation Act 1997 in regard to the keeping of records.

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